Signature Estate & Investment Advisors LLC Invests $254,000 in Waste Management, Inc. (NYSE:WM)

Signature Estate & Investment Advisors LLC bought a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,193 shares of the business services provider’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC grew its stake in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Sachetta LLC bought a new stake in Waste Management during the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management in the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Management in the first quarter valued at $35,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Waste Management during the 4th quarter worth about $36,000. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Michael J. Watson sold 4,208 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Waste Management in a report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price objective on the stock. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Royal Bank of Canada reduced their target price on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets reduced their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Finally, Oppenheimer dropped their target price on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Waste Management Stock Performance

NYSE:WM traded up $0.41 during mid-day trading on Tuesday, hitting $209.23. The stock had a trading volume of 110,970 shares, compared to its average volume of 1,677,016. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $225.00. The company’s 50 day simple moving average is $209.67 and its 200 day simple moving average is $208.06. The stock has a market cap of $83.97 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.35 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 earnings per share. On average, equities research analysts forecast that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.